Office Space for rent in Gurgaon :: 9821231006

Office Space for rent in Gurgaon :: 9821231006

Some of the key factors and prime criteria that one needs to think through before taking up a cost effective office space in Gurgaon to my understanding are:

1. The Maintenance Amount: While most of the buildings offer a maintenance amount equivalent to about 18 to 20 per sq.ft. It is possible to bring this down to about Rs. 10/- per sq.ft. by choosing the right area to locate your office.

2. The Super Area Wastage: Typically, most buildings in Gurgaon would have a super area wastage of about 35% to 40%, which means that if you sign up for 10,000 sq.ft. of Super Area, you are likely to get an effective area of anywhere between 6,000 to 6,500 sq.ft. There are some office buildings like with a much lower super area wastage, in some cases as little as 10%, which means practically, you are getting an office space with 90% efficiency.

3. Parking Slots: While most of the buildings offer Office Space with limited free car parking spots, while some of the other more sought after areas like DLF Cyber Greens does not offer any free parking whatsoever, each car parking slot is priced at around Rs. 3,500 to 4,000 per car parking per month, in some cases even Rs. 5,000 per car parking per month.While the thumb rule of office space for rent in gurgaon is 1 car park free with every 1000 sq.ft. of office space.

There are some buildings offering a lot more car parking space than the normal buildings, in some cases 3 Car Parking Spaces per 1000 sq.ft.

Here are the details of one great value for money space in Gurgaon:

Area: 7700 sq.ft.

Location : Opposite Medicity, Gurgaon

Free Car Parkings: 20

Setup: Warm Shell – Flooring/Ceiling/Ducting all done. No Furniture.

About the Space:

This is a warm shell space which was earlier being used by an institution and is now available for lease. The building has three floors out of which the owners have leased out the 3rd floor and are using the space on the 1st floor for themselves; the space offered is the entire independent floor with an independent lift on the 2nd floor measuring 7,700 sq.ft.

USPs:

Completely Independent Floor with private access.Low Super Area wastage of about 10% as compared to other buildings offering a high wastage of about 38%.Ample Car Parking, 20 Dedicated Car Parkings in the premises.Low Maintenance costs, only Rs. 10/- as compared to the rest of the Gurgaon market which is between Rs. 16 /- to Rs. 20/- per sq.ft.

The details of the commercials are mentioned below:

Lease contracts for office spaces spread over more than 5.4 million sq ft in Gurgaon are set to expire by the end of this year. Of this, the highest amount of lease expiry for 1.87 million sq ft office space would take place by March end, showed data from realty information and analytic firm Propstack.

The expected expiries in 2018 are over 46% higher than expiries of lease agreements witnessed in 2017 that saw total 3.7 million sq ft commercial spaces coming up for lease renewal.

The large amount of leasing contract expiries coupled with existing supply scenario indicate that rentals are likely to remain stable in the Gurgaon commercial property market this year.

“While there has been a yearon-year increase in the average rents for grade A space in Gurgaon, we believe that with several large leases set to expire, there will be downward pressure on the rents. That said, clients occupying large space may not have many alternate options considering their current fit out amortisation costs and may settle for rents at current levels,” said Raja Seetharaman, cofounder, Propstack. Click Here

Average commercial lease rentals in Gurgaon have risen 5.4% and 8.9% over the past one year and two years, respectively. In 2017, average rentals for commercial properties rose to ₹98 per sq ft from ₹93 per sq ft in 2016 and ₹90 per sq ft in 2015.

UDYOG VIHAR, GURGAONIT Building :50,000 Sqft.(Single Floor)Owner is willing to do furnishingsA+ Grade BuildingCentralized Air Conditioning100% Power back upRate – Furnished - Rs.90/- per Sqft. per month + GST.

INDEPENDENT IT BUILDING ON NH-8, GURGAONArea - 1 Lac Sqft. (Comprising of Ground + 4 Floors + 3 Level Basements for Parking & Services) Note : You can take as much area as per your company's requirementFully FurnishedCentral Air Conditioning100% power back-upAmple Car Parking Space AvailableRent - Rs. 70/- per Sqft. per month.